Temenos (SIX: TEMN), the banking software company, has been awarded the ‘Most Innovative Banking Technology Partner of the Year’ in the Private Banking & Wealth Management’s Special Editor’s Award. Temenos Infinity Wealth impressed the judges with its capacity to deliver digital client experiences while driving considerable efficiency gains for banks from a single front-to-back platform.
Temenos Infinity Wealth provides omnichannel and self-service capabilities to support wealth managers in delivering a superior service to clients. The platform simultaneously allows advisors to streamline operations by automating time-consuming compliance and back-office functions, whilst offering automated support in the advisory area. Available on the cloud or on-premise, Temenos Infinity Wealth can also scale in line with banks’ growth requirements, providing a single digital platform to consolidate all international operations. Temenos’ software currently supports the management of $19 trillion assets worldwide.
Alois Pirker, Research Director, Aite Group, commented: “The wealth management industry is facing increased pressure to digitize their offerings and create seamless and tailored experiences for both clients and advisors. In order to succeed in this changing landscape, firms will need to embrace flexible and broad technology solutions that are capable of improving processes across the entire business. Platforms like Temenos Infinity Wealth can deliver rich functionality across relationship and portfolio management and digital wealth while also providing the cloud architecture that firms need to reduce infrastructure costs and sustainably grow. Front-to-back digital platforms like this form a crucial part of winning technology strategies for ambitious firms that are making inroads toward digital transformation.”
Steen Jensen, Managing Director – Europe, Temenos, said: “We are thrilled to be recognized as the winner for this year’s ‘Most Innovative Banking Technology Partner of the Year’ award. Temenos Infinity Wealth is a multi-award winning solution that combines our extensive industry experience and cutting-edge software to deliver an end-to-end digital platform for banks of any size. Designed with wealth managers in mind and customer-centricity at its core, Temenos Infinity Wealth can deliver 30% improvement in back-office productivity and streamline operations with up to 60% reduction in the use of applications.”
Now in its fourth year in Switzerland, the Private Banking & Wealth Management awards celebrate the best-in-class across the private banking and wealth management industry. The awards are held annually as part of the Private Banking & Wealth Management conference program, which this year took place in Zürich on 11 December.